||EPS - Basic
||Market Cap (m)
Central Rand Share Discussion Threads
Showing 29276 to 29300 of 29300 messages
|The proposal by existing shareholder will go through, what the details of that proposal are remains to be seen.|
|TCTA Water Level has been updated to Sun 21st-22nd Oct & is now down to 158.78M BS|
|In your dreams....|
|seems to me the MMs are fishing for shares...tightly held ...big buy order to fill possibly linked to the funding|
|There is no way that anybody is going to risk $4mio on this company. This ruse is just another Toity chinese take away type fabrication to keep the punters interested and pay their wages. Bergen are happy to take their cut and dump shares into the market as long as there are mugs out there to buy them.|
|..... probably......and next time it will read 70%..........|
|Okay, I usually don't notice stuff like this, but the 80% didn't seem to jibe for some reason. In the Bridge funding announcement of 7th June, it was 90% of the average - now it's 80%.
Is this a change in terms or a typo?
Does this mean that Bergen can buy at 20% less? (if the current price was the 5 day average)|
|doesnt say 'little chance'..but cutting it fine...maybe Bergen have told them to string it out..you know what j boys are like re money|
|So what they are saying in a nutshell is more share dilution and dumping with little or no chance of the $4mio funding. Happy days.......|
|Mm's marked it up on that rns? No thanks.|
|Spot the market maker lol|
|Sadly the share price is dribbling back towards 1.2pps. Like I said before, CRND is already carrying way too much baggage, financial and otherwise, to ever be a viable business investment.......|
|Bowl forming on chart|
|Vote carried through as expected, full steam ahead on funding...watch this space etc...|
|tummijin the water data includes data up to 1 day ago...
|yes but probably get update at AGM...thats why they havent up dated the water levels for 2 weeks|
|Just a general meeting
temmujin - of course news is expected, its the GM, if only to say vote was carried or not.
Hopefully they can 'push the button' on all the funding rounds so it's out the way and we can start to put some fair value assessment on the SP|
|AGM isn't it?|
|been told news tomoro..some late chunky buys in SA confirm this
Last 10 Trades of the day
Date PDT Price Volume
17/10 17:00 OCP 53 0
17/10 16:11 AT 48 29,000
17/10 16:11 AT 50 52,000
17/10 16:11 AT 53 59,983
17/10 16:11 AT 49 50,000
17/10 14:35 AT 48 29,893
17/10 13:35 AT 48 107
17/10 13:21 AT 43 4,000
17/10 13:21 AT 41 5,500
17/10 13:21 AT 40 20,000|
|crd up 40% this morning...so bought more|
|Back to basics....CRND has many issues to resolve before it becomes an economically viable business. Like you said the management have spent £160mio+ to achieve a cash burning waterlogged hole in the ground and a mkt cap of circa £2.5 mio. My daughter's Barbie doll would have done a better job......there would still be £160mio + interest in the bank.........|
|$7.25m, £4m and $4m, which are the figures floating around (Debt, equity, and sale of subsidiary) still only gives CRND a circa £15m market cap at current price (finger in air) - even if loan is converted and placement done at 1p (my worst case).
£15m for CRND, fully funded with £7m in the bank, Bergen out, Gold in the hills, gold on the hills, gold under the hills is IMO peanuts. CRND has spent £211m(!) to date, getting where it is today for one reason only, companies and investors have been prepared to fund it's establishment and development (mistakes and all) - and that continues today. Ask yourself why would they do that?
CRND is not a £15m company, it's a £150m company in the making with world class gold asset (albeit the lions share is currently under water - but for how long?). CRND is great gold hedge as China slows and the US wobbles and UK brexits, it's all going to get a little scary in equities market next two years so IMO people will revert to old faithful - gold, which will have a dramatic impact on CRND's fortune based on surface and underground mining in full swing.
I don't have mega-bucks here, my new strategy is to avoid over commitment in any stocks. If it doesn't come to fruition, I will not lose sleep over it, though I will be disappointed.|
|Good luck and I hope that you are right. As you know it's not my view as I find it difficult to see who's going to invest $4mio when the company is currently trying to defer the $7.25mio loan owed to Redstone.|
|badger60 - Have you not noticed that Bergen haven't had any shares in 6 weeks whereas previous issues have been circa every 2 weeks for months?
My view is that you cannot perform calculations of equity placements/larger fundings on a moving target - also factor in the General Meeting vote and requirement for stable count. I'm pretty sure Bergen have hands tied at present. The vote next Tuesday will lead to a string on positive RNS's IMO regarding more substantial longer term funding. One RNS in my view should be that the Bergen agreement is terminated - afterall, the holder who wants £4m equity placement is most likely not going to want Bergen diluting them at discount.|
|All that's happened is that the share price ramp has set the stage for another Bergen share dumping exercise to be executed. There will be a gnashing of teeth and cries of woe by those who got sucked in @1.6/1.7p and above as the share price drops back towards 1p with shareholders being further diluted again by10/20/30%.....or maybe more.........|